E*TRADE Financial 6 month 5.25% APY highest CD rate
Published by fanmoney December 19th, 2007 in Best CD RatesE*TRADE Financial is currently offering a great 6 month 5.25% APY Certificate of Deposit. This CD is the highest cd rate out of all the Certificate of Deposits that E*TRADE Financial offers. The minimum deposit on this is $1,000 and there’s no deposit limit but do remember that it’s only FDIC insured up to $100,000. This CD has an automatic renewal at maturity and a guaranteed safety of principal. The guaranteed safety of principle only applies to early withdrawals before the CD maturity. Many banks will charge you penalty that will touch your principle amount deposited into the CD. E*TRADE Financial will only penalize you for half of the term interest that you earned on the CD and they will never touch the money you deposited. In other words, you have absolutely nothing to lose.
To open up an account, you can either go to E*TRADE Financial’s website and apply online. Once you complete your application, E*TRADE Financial will sent you a confirmation email with instructions on how to fund your account.
6 Responses to “E*TRADE Financial 6 month 5.25% APY highest CD rate”
- 1 Trackback on Feb 23rd, 2008 at 4:01 am
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Is this a set rule that they will take have of the interest or is that a mean average. I like this particular investment and it starting out at 1,000 minimum deposit makes it very popular among the different age groups.
I am rather skeptical of the online trading. How trustworthy are the systems? Are there risks with hackers and network bugs? Call me paranoid but I would like an expert opinion before i invest online.